Honda CEO Hybrid Focus

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Honda Pauses EV Strategy to Focus on Boosting Hybrid Sales

Honda announced on Tuesday that it will scale back its ambitious electric vehicle (EV) targets, citing slower-than-expected sales in the U.S. market. The Japanese automaker revealed that it would no longer aim for EVs to account for 30% of its global sales by 2030.

DMR News on MSN · 12h

GlobalData on MSN · 1d

Honda shifts focus to hybrid vehicles amid EV slowdown

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Honda Slashes EV Investment, Shifts Focus to Hybrids and Flexible Manufacturing

Japan's Honda to scale back on electric vehicles, focus on hybrids

Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on capturing growing demand for hybrids with new models.

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Honda pulls back on EV strategy for now and will push hybrid sales

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Honda Motor to Cut EV Investment by More Than $20 Billion

In EV reality check, Honda CEO Toshihiro Mibe cuts sales, investment targets

Honda will shift its focus to gasoline-electric hybrid vehicles, including a next-generation technology debuting in 2027.

Honda Hits The Brakes On EV Push, Bets Big On Hybrid Revival: Report

Honda also said it would halt planned expansion due to fluctuating EV demand and uncertainty over U.S. President Donald Trump’s proposed tariffs on imported vehicles. CEO Toshihiro Mibe said the rapidly changing automotive landscape requires greater flexibility.

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Honda slashes EV budget in fresh blow for the electric car industry amid waning demand as it vows to focus on hybrids

The Japanese automotive giant says it now expects around 20 per cent of its car sales to be electric by 2030, rather than 30 percent, amid dwindling demand.